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U.S. Federal Reserve to signal more easing but stop short of big steps
Aug 1st, 2012
WASHINGTON (Reuters) - The U.S. Federal Reserve is likely to show on Wednesday that it is ready to act against a weakening U.S. economy but stop short of aggressive measures for now. Economists say the central bank could well push back its guidance for when it sees the need for an eventual rate hike into 2015 from the current Fed consensus of late-2014, a move that could signal the depth of the central bank's concerns about the economy and hint at new measures ahead. Wall Street is braced for another round of Fed bond purchases, and some see an off chance that it might even come this ... (Source: Reuters) -
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OTTAWA (Reuters) - The next Bank of England governor, Mark Carney, endorsed on Wednesday the idea of sometimes letting inflation run above target for longer than normal, while also warning of the risks to credibility if this is taken too far or done too often. Carney, governor of the Bank of Canada till June 1, sang the praises of flexible inflatio... [Full Article]
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SEOUL, South Korea (AP) - North Korea fired three short-range guided missiles into its eastern waters on Saturday, a South Korean official said. It routinely tests such missiles, but the latest launches came during a period of tentative diplomacy aimed at easing tensions. (Source: Associated Press)... [Full Article]
By Martyn Herman LONDON (Reuters) - Manchester United manager Alex Ferguson will retire at the end of the season after more than 26 years in charge, bringing to a close the most glittering managerial career in British football. The Premier League champions confirmed on Wednesday that Ferguson, 71, would step aside following United's home game ... [Full Article]
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